Thursday 28 Mar 2024
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(July 8): Police are raiding the 1Malaysia Development Bhd office in capital city Kuala Lumpur, as a Malaysian task force expands its investigations into the government-owned strategic investor saddled with a RM42 billion debt.

In a statement issued this afternoon, 1MDB confirmed that a number of officials from the task force had visited its premises at Menara IMC in the central business district.

"They were provided with a number of documents and materials to aid with the investigations currently taking place.

"1MDB is extending its full cooperation to the task force and all lawful authorities.

"We reaffirm our previously stated position that if any wrongdoing is found, then action must be taken by the lawful authorities, as per due process and the laws of our country."

The raids began about 11.30am and are still ongoing, The Star reported.

Police are still at the 1MDB office located at Menara IMC in the central business district.

A special task force consisting of Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz, Attorney-General Tan Sri Abdul Gani Patail, Inspector-General of Police Tan Sri Khalid Abu Bakar and the Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Abu Kassim Mohamed have been investigating 1MDB's business.

The task force has frozen six bank accounts and is said to be investigating 17 others involved in a related case where, according to The Wall Street Journal, nearly US$700 million was  funnelled into Prime Minister Datuk Seri Najib Razak's bank accounts .

The task force has seized documents during raids on 1MDB-linked companies – SRC International Sdn Bhd, Gandingan Mentari Sdn Bhd and Ihsan Perdana Sdn Bhd – which allegedly were used to channel funds to the prime minister’s bank accounts.

IGP Khalid told reporters this morning that the police were investigating how the Wall Street Journal obtained access to bank documents which it uploaded on its website yesterday. – The Malaysian Insider

 

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